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Title: The Bertrand model is a more plausible model of firm behavior than the Cournot model Post by: Llanis on Oct 19, 2017 The Bertrand model is a more plausible model of firm behavior than the Cournot model
A) when firms set the quantity to be sold. B) when firms sell a differentiated product. C) because firms that sell a non-differentiated product typically act as price takers. D) because the Bertrand model predicts that firms will price at marginal cost. Title: Re: The Bertrand model is a more plausible model of firm behavior than the Cournot model Post by: Chronos on Oct 19, 2017 Content hidden
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